Pennington County, Minnesota home prices
Typical home $191,990 · -2.4% in a year · property tax 1.26%
The typical home in Pennington County is worth $191,990, 45% less than the Minnesota typical home ($348,778). Values changed -2.4% in the past year and -5.3% over five years. Homeowners here pay a median 1.26% of their home's value in property tax each year ($2,414 on the typical home), versus 1.04% statewide.
Mortgage on the typical Pennington County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $38,398 | $153,592 | $1,033 | $0 | $297 | $1,330 | $57,000 |
| 10% down | $19,199 | $172,791 | $1,162 | $72 | $297 | $1,532 | $65,600 |
| 5% down | $9,599 | $182,390 | $1,227 | $76 | $297 | $1,600 | $68,600 |
| 3.5% down (FHA) | $6,720 | $188,512 | $1,268 | $85 | $297 | $1,650 | $70,700 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.26% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Minnesota.
Minnesota counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Renville County | $192,374 | +7.8% | 1.04% |
| Redwood County | $187,335 | +6.2% | 1% |
| Freeborn County | $197,437 | +5.5% | 1.11% |
| Marshall County | $199,293 | +6.3% | 0.8% |
| Swift County | $200,692 | +5.2% | 0.86% |
| Mower County | $201,999 | +2.9% | 1.03% |
| Norman County | $181,155 | +5.8% | 0.94% |
| Pipestone County | $205,022 | +9.0% | 0.86% |
| Big Stone County | $205,428 | +9.9% | 0.87% |
| Yellow Medicine County | $176,826 | +6.3% | 1.04% |
Frequently asked questions
What is the average home price in Pennington County, MN?
The typical home value in Pennington County is $191,990 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Pennington County?
About $57,000 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Pennington County?
The median effective rate is 1.26% of home value a year (Census ACS 2024 5-year estimates).